The Threat of U.S. Dollar Overvaluation: How to Calculate True Exchange Rate Misalignment & How to Fix It

This memo explains (1) the dollar overvaluation problem, (2) how to accurately calculate the dollar’s misalignment against trading partner currencies, and (3) how the Market Access Charge (MAC) that CPA and others favor would fix this serious threat to America’s future. by Michael Stumo (CEO)Jeff Ferry (Research Director)and John R. Hansen (Advisory Board) The foreign exchange…

Steel: Famous Economists Get It Wrong

By Jeff Ferry, CPA Research Director When a large number of famous economists from all sides of the political spectrum agree on something, the odds are that it is wrong. A new letter on the subject of steel tariffs is a good example of that rule.  In a public letter dated Wednesday July 12th, economists…

ITC Report: U.S. has Lost Aluminum Production and Jobs Because of China

Subsidized Chinese aluminum production has soared in recent years. The Trump administration has its eyes firmly on the prize when it comes to the U.S. Commerce Department’s Section 232 investigation into the national security implications of America’s steel import levels. [MATTHEW MCMULLAN| July 11, 2017 |Alliance for American Manufacturing] Yeah man. Their eyes are trained squarely on the…

U.S., Canadian autoworker unions issue joint NAFTA priorities

Unifor and United Autoworkers, representing Canadian and U.S. autoworkers, have laid out four priorities the unions say must be addressed in the renegotiation of NAFTA: strengthening labor standards and boosting wages; balanced trade; “real ‘made in North America’ rules”; and benefits for workers being fairly shared in all three NAFTA countries. [Jack Caporal| July 11, 2017…